Mr Christ said Baden-Clay paid three interest payments over June, July and August.
He said by April, 2012, none of the principal $90,000 loan was repaid and no interest was repaid since July or August, 2011.
Mr Christ said the Baden-Clay business was in negative cashflow at the time and “basically worth nothing”.
and this is the business Gerard tells Toni he is going to sell. ... its worth nothing, in fact, its in negative, but Toni falls for it. These are not very bright people. ..
Christ, Cranna and Cheeseman all expected to get $90,000.00 profit on their invested $90,000.00.... that is, for their outlay of $90,000.00 they expected $180,000.00 back.
so that's all up, .. ah.. $180,000.00 for each, so that is x 3 = $540,000.00
I'm still laughing about this.. hard to figure out just who conned who in this little deal.. . one thing is for sure... they all lost $90,000.00
Marvellous how each of them veered right off from knowing why Alison was suddenly involved in the business... it was all over the Real Estate business from Currumbin to Noosa.